2872                                             LAWS OF MARYLAND                                         Ch. 549

(3) After application of the proceeds and deposit in
accordance with paragraph (2) of this subsection, any remaining
balance shall be paid to the buyer, UNLESS THE SALE OCCURRED
BECAUSE OF THE SEIZURE OF THE GOODS BY A POLICE DEPARTMENT,
BUREAU, OR FORCE, IN WHICH EVENT THE REMAINING BALANCE SHALL BE
PAID TO THE POLICE DEPARTMENT, BUREAU, OR FORCE THAT SEIZED THE
GOODS, TO BE DISPOSED OF IN ACCORDANCE WITH THE PROVISIONS OF
SECTION 297 OF ARTICLE 27 OF THE CODE OR ANY OTHER LAW THAT
APPLIES TO THE SEIZURE AND FORFEITURE OF THE GOODS.

(4) If the proceeds and deposit are insufficient to
pay the items enumerated in paragraph (2) of this subsection, the
buyer is liable for the deficiency if:

(i) The agreement provides for liability for a
deficiency; and

(ii) The holder has complied with all
requirements of this subtitle, including the notice requirement
of § 12-624 (d).

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 29, 1984.

CHAPTER 550

(Senate Bill 594)

AN ACT concerning

Racing - Limitations on Multiple Wagering

FOR the purpose of repealing the minimum limitation on the number
of races involving multiple wagering on 3 or more horses
that may be conducted by a licensee of the Maryland Racing
Commission; providing for the allocation of certain funds;
and relating generally to multiple wagering on horse races.

BY repealing and reenacting, with amendments,

Article 78B - Racing Commission

Section 11(g) and 16(c)

Annotated Code of Maryland

(1980 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: